UNITED INDIA INSURANCE COMPANY LIMITED

133, JEHANGIR BUILDING M.G.ROAD, FORT

GREATER MUMBAI - 400001 MAHARASHTRA
PH: (022) 22673960 FAX: EMAIL:

MOTORCYCLE / SCOOTER
PACKAGE POLICY

POLICY NO.: 32060031180160005617

VEHICLE NO.: UP65CE4766

PERIOD OF INSURANCE
From 00:00 Hrs on 11-Feb-2018
To Midnight on 10-Feb-2019

Insured

Kush Chaurasia
C6/119 bag bariyar singh Chetganj
221001
VARANASI
UTTAR PRADESH
CONTACT NUMBER : 8934813510 (M)

Agent Name : Coverfox Insurance Broking Pvt. Ltd

Agent Code : BRC0000856
Mobile/Landline Number/Email : 1800 209 9970

REGD. & HEAD OFFICE, 24, WHITES ROAD, CHENNAI - 600014

Website: http://www.uiic.co.in, Email - info@uiic.co.in
Printed By : Coverfox.com @ 09/02/2018 21:21
 UNITED INDIA INSURANCE COMPANY LIMITED
CERTIFICATE OF INSURANCE
MOTORCYCLE / SCOOTER -
(FORM 51 OF CENTRAL MOTOR VEHICLE RULES 1989)
Policy No. 32060031180160005617 Certificate Number
Customer Id CF090220182658665 Issuing Office Address Code
Name of the Insured Kush Chaurasia 133, JEHANGIR BUILDING M.G.ROAD, FORT
400001
GREATER MUMBAI
MAHARASHTRA
Address of the Insured C6/119 bag bariyar singh Chetganj Telephone (022) 22673960
221001
VARANASI
UTTAR PRADESH
Business/Occupation Telephone: 8934813510
Effective date of commencement of Insurance for the purpose of Act from 00:00 Insured's Declared Value ₹ 25657
Hrs on 11-Feb-2018
Date of Expiry of the Insurance Midnight on 10-Feb-2019
Particulars of Vehicle Insured
Obsolete Seating including
Registration No. Engine No. Chassis No. Make/ Model Year of Mfg Type of Body Cubic Capacity
Vehicle driver
UP65CE4766 No JC73E80015120 ME4JC732AG8007999 Honda / Cb Shine 2016 125 2
Registration Authority Geographical Area
UP65 VARANASI INDIA
Amount in words: One Thousand And Sixty One
Persons or classes of persons entitled to drive
Any person including Insured provided that a person holds an effective driving licence at the time of accident and is not disqualified from holding or obtaining such a licence. Provided also
that the person holding an effective Learner's Licence may also drive the vehicle and such a person satisfies the requirements of Rule 3 of Central Motor Vehicle Rule, 1989.
Limitations as to use Premium: ₹ 899
The policy covers use of the vehicle for any purpose other than Goods and Services Tax: ₹ 162.0
a) Hire or Reward Stamp Duty: ₹ 1
b) Carriage Goods (other than samples or personal luggage) Total(Rounded Off): ₹ 1061
c) Organized Racing Receipt Number: LHMP6044756758
d) Pace Making Receipt Date: 09-Feb-2018
e) Speed Testing and Reliability Trials DebitNote Number:
f) Use in connection with Motor Trade
Document Date:
GSTIN No.: 27AAACU5552C1ZJ
Limits of Liability Agency/Broker Code:
BRC0000856
Under Section II-I (i) Death or bodily injury in respect of any one accident; As per Motor Coverfox Insurance Broking Pvt. Ltd
Vehicles Act 1988 Direct Business:
Under Section II-I (ii) Damage to third party property in respect of any one claim or series Developement Officer Code:
of claims arising out of one event: ₹ 100000/- Cover Note No. :
Cover Note Date :
For and On behalf of
United India Insurance Co. Ltd.
Subject to IMT Endorsement No.s, terms and conditions printed herein / attached hereto 22
I/We hereby certify that the policy to which the certificate relates as well as the certificate of insurance are issued in accordance with
provisions of Chapter X & XI of M.V Act, 1988.
Date of Issue: 09-Feb-2018

Underwritten by: Amit Nakhare Divisional Manager 020600.

Duly Constituted Attorney

 Policy No.: 32060031180160005617

UNITED INDIA INSURANCE COMPANY LIMITED

MOTORCYCLE / SCOOTER -
SCHEDULE
Policy No. 32060031180160005617 Previous Policy No. S8568612
Insured Details Customer Id CF090220182658665
Name Kush Chaurasia
Tel (O) Tel (R) Fax
Email: kush21oct1996@gmail.com Mobile: 8934813510
Business / Occupation
Period of Insurance From 00:00 Hrs of 11-Feb-2018 To Midnight of 10-Feb-2019
Co-Insurance Type
Particulars of Vehicle Insured
Obsolete Seating including
Registration No. Engine No. Chassis No. Make/ Model Year of Mfg Type of Body Cubic Capacity
Vehicle driver
UP65CE4766 No JC73E80015120 ME4JC732AG8007999 Honda / Cb Shine 2016 125 2
Insured's Declared Value
Electrical/Electronic
For Vehicle For Side Car Non Electrical Accessories CNG Unit LPG Unit Total Value
Accessories
₹ ₹ ₹ ₹ ₹ ₹
₹
25657 - - - - - 25657
Registration Authority Auto Association Membership No. Geographical Area Extension
UP65 VARANASI INDIA
Two wheeler shall be deemed to include a Side Car attached to it.
Persons or classes of persons entitled to drive
Any person including Insured provided that a person holds an effective driving licence at the time of accident and is not disqualified from holding or obtaining such a licence. Provided also
that the person holding an effective Learner's Licence may also drive the vehicle and such a person satisfies the requirements of Rule 3 of Central Motor Vehicle Rule, 1989.
Limitations as to use
The policy covers use of the Vehicle for any purpose other than:
a) Hire or Reward
b) Carriage Goods (other than samples or personal luggage)
c) Organized Racing
d) Pace Making
e) Speed Testing and Reliability Trials
Limits of Liability As narrated in the Certificate of Insurance attached herewith.
EXCLUSIONS :
1) Any accidental loss or damage or Liability / caused or sustained or incurrred outside the geographical area.
2) Any claim arising out of any contractual liability.
3) Any accidental loss or damage to any property whatsoever or any loss or any expense whatsoever resulting or arising there from or any consequential loss.
4) Any liability of whatsoever nature directly or indirectly caused by or constituted to or by or arising out of ionizing radiations or contamination by radioactivity from any nuclear fuel. For the
purpose of this exception, combustion shall include any self-sustaining process of nuclear fission.
5) Any accidental loss or damage or liability directly or indirectly caused by or contributed to, by or arising from nuclear weapons material.
6) Any accidental loss, damage or liability directly or indirectly or proximatley or remotely occasioned by contributed to, by or traceable to or arising out of or in connection with war, invasion,
act of foreign enemies, hostilities or warlike operations (whether before or after declaration of war), civil war, mutiny, rebellion, military or usurped power, or by any direct or indirect
consequence of any of the said occurrences or may consequence thereof and in default of such proof, the Company shall not be liable to make any payment in respect of such a claim.
Underwritten by: United India Insurance Co Ltd.
This policy is subject to terms and conditions and IMT Endorsement Nos. printed herein / attached hereto 22
Imposed Excess ₹0
Voluntary Excess ₹0
Compulsory Excess ₹ 100
 Policy No.: 32060031180160005617

SCHEDULE OF PREMIUM (IN ₹)

OWN DAMAGE LIABILITY
Basic Premiumon Vehicle and Accessories B. Basic TP ₹ 720
A. Basic OD ₹ 172 Total ₹ 720
Total ₹ 172
-

Less : ADD :
No Claim Bonus 25% ₹ 43 Compulsory PA for Owner Driver ₹ 50
Sub Total (Deductions) ₹ 43 Sub Total (Additions) ₹ 50

Gross OD (A) ₹ 129 Gross TP(B) ₹ 770

Gross OD & TP
₹ 899
(A) + (B)

TERMS AND CONDITIONS

AS PER THE INDIAN MOTOR TARIFF. PERSONA COPY OF THE SAME IS AVAILABLE FREE OF COST ON REQUEST. FURTHER, THE INDIAN MOTOR TARIFF IS ALSO AVAILABLE
AND DISPLAYED AT ALL UNITED INDIA INSURANCE COMPANY OFFICES AND ON UIIC WEBSITE : www.uiic.co.in
DISCLAIMER : THE POLICY STANDS CANCELLED OR VOID IN THE EVENT OF CHEQUE DISHONOR. THE COMPANY MAY CANCEL THE POLICY BY SENDING 7 DAYS NOTICE IN
CASE OF ANY FRAUD OR MISREPRESENTATION, NON-DISCLOSURE OF MATERIAL FACT OR NON-COOPERATION OF THE INSURED.
IMPORTANT NOTICE
THE INSURED IS NOT INDEMNIFIED IF THE VEHICLE IS USED OR DRIVEN OTHERWISE THAN IN ACCORDANCE WITH THIS SCHEDULE. ANY PAYMENT MADE BY THE
COMPANY BY REASON OF WIDER TERMS APPEARING IN THE CERTIFICATE IN ORDER TO COMPLY WITH THE MOTOR VEHICLES ACT, 1988 IS RECOVERABLE FROM THE
INSURED. SEE THE CLAUSE HEADED "AVOIDANCE OF CERTAIN TERMS AND RIGHT OF RECOVERY". FOR LEGAL INTERPRETATION, ENGLISH VERSION WILL HOLD GOOD.

Premium: ₹ 899 Receipt Number : LHMP6044756758 Agency/Broker Code: BRC0000856

Goods and Services Tax: ₹ 162.0 Receipt Date : 09-Feb-2018 Direct Business:
₹
₹
Stamp Duty: ₹1 DebitNote Number : Developement Officer Code:
Total (Rounded Off): ₹ 1061 Document Date : Cover Note No.:
GSTIN No: 27AAACU5552C1ZJ Cover Note Date:

Anti Money Laundering Clause:-In the event of a claim under the policy exceeding ₹ 1 lakh or a claim for refund of premium exceeding ₹ 1 lakh, the insured will comply with the provisions
of AML policy of the company. The AML policy is available in all our operating offices as well as Company's web site.

Date of Proposal and Declaration: 09-Feb-2018

IN WITNESS WHEREOF, this policy has been signed at on 09-Feb-2018.

For and On behalf of

United India Insurance Co. Ltd.

Duly Constituted Attorney:

Underwritten by : Amit Nakhare Divisional Manager 020600.
MOTORCYCLE / SCOOTER - PACKAGE POLICY
Whereas the Insured by a proposal and declaration dated as stated in the Schedule which shall be the basis of this contract and is deemed to be incorporated herein has applied to the
company for insurance hereinafter contained and has paid the premium mentioned in the schedule as consideration for such insurance in respect of accident loss or damage occurring during
the Period of Insurance. (The term two wheeler referred to in this Tariff will include motor cycle/scooter / auto cycle or any other motorised two wheeled vehicle mentioned in the Schedule.)
NOW THIS POLICY WITNESSETH:
That subject to the Terms Exceptions and Conditions contained herein or endorsed or otherwise expressed hereon.

SECTION - I : LOSS OF OR DAMAGE TO THE VEHICLE INSURED

The Company will indemnify the insured against loss or damage to the vehicle insured hereunder and/or its accessories whilst thereon
a) by fire explosion self ignition or lightning;
b) by burglary housebreaking or theft;
c) by riot and strike;
d) by earthquake (fire and shock damage);
e) by flood typhoon hurricane storm tempest inundation cyclone hailstorm frost;
f) by accidental external means;
g) by malicious act;
h) by terrorist activity;
i) whilst in transit by road rail inland- waterway lift elevator or air;
j) by landslide rockslide

Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced :
1. For all rubber/ nylon/ plastic parts, tyres and tubes, batteries 50%
2. For fibre glass components 30%
3. For all parts made of glass Nil
4. Rate of depreciation for all other parts including wooden parts will be as per the following schedule :

Age of Vehicle % of Age of Vehicle % of

Depreciation Depreciation
Not exceeding 6 months Nil Exceeding 3 years but not exceeding 4 years 25%
Exceeding 6 months but not exceeding 1 year 5% Exceeding 4 years but not exceeding 5 years 35%
Exceeding 1 year but not exceeding 2 years 10% Exceeding 5 year but not exceeding 10 years 40%
Exceeding 2 years but not exceeding 3 years 15% Exceeding 10 years 50%

5.Rate of Depreciation for Painting: In the case of painting, the depreciation rate of 50% shall be applied only on the material cost of total painting charges. In case of consolidated bill for
painting charges, the material component shall be considered as 25% of total painting charges for the purpose of applying the depreciation.

The Company shall not be liable to make any payment in respect of :

(a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown failures or breakages.
(b) damage to tyres and Tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement.
(c) loss of or damage to accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time
and
(d) any accidental loss or damage suffered whilst the insured or any person driving the vehicle with the knowledge and consent of the insured is under the influence of intoxicating liquor or
drugs.

In the event of the vehicle being disabled by reason of loss or damage covered under this Policy the Company will bear the reasonable cost of protection and removal to the nearest repairer
and of redelivery to the Insured but not exceeding in all Rs.300/- in respect of any one accident.

The insured may authorise the repair of the vehicle necessitated by damage for which the Company may be liable under this Policy provided that:-
(a) the estimated cost of such repair including replacements, if any, does not exceed Rs.150/-
(b) the Company is furnished forthwith a detailed estimate of the cost of repairs and
the insured shall give the Company every assistance to see that such repair is necessary and the charges are reasonable.
SUM INSURED - INSURED'S DECLARED VALUE (IDV)
The Insured's Declared Value (IDV) of the vehicle will be deemed to be the 'SUM INSURED' for the purpose of this policy which is fixed at the commencement of each policy period for the
insured vehicle.

The IDV of the vehicle (and side car/accessories, if any, fitted to the vehicle) is to be fixed on the basis of the manufacturer's listed selling price of the brand and model as the insured vehicle
at the commencement of insurance/renewal and adjusted for depreciation (as per schedule below).

The schedule of age-wise depreciation as shown below is applicable for the purpose of Total Loss/Constructive Total Loss (TL/CTL) claims only.

THE SCHEDULE OF DEPRECIATION FOR FIXING IDV OF THE VEHICLE

AGE OF VEHICLE % OF DEPRECIATION FOR FIXING IDV

Not exceeding 6 months 5%
Exceeding 6 months but not exceeding 1 year 15%
Exceeding 1 year but not exceeding 2 years 20%
Exceeding 2 years but not exceeding 3 years 30%
Exceeding 3 years but not exceeding 4 years 40%
Exceeding 4 years but not exceeding 5 years 50%

IDV of vehicles beyond 5 years of age and of obsolete models of the vehicles ( i.e. models which the manufacturers have discontinued to manufacture) is to be determined on the basis of an
understanding between the insurer and the insured.

IDV shall be treated as the Market Value throughout the policy period without any further depreciation for the purpose of Total Loss (TL) / Constructive Total Loss (CTL) claims.

The insured vehicle shall be treated as CTL if the aggregate cost of retrieval and / or repair of the vehicle, subject to terms and conditions of the policy, exceeds 75% of the IDV of the vehicle.

SECTION II - LIABILITY TO THIRD PARTIES

1. Subject to the limits of liability as laid down in the Schedule hereto the Company will indemnify the insured in the event of an accident caused by or arising out of the use of the insured
vehicle against all sums which the insured shall become legally liable to pay in respect of :-
(i) death of or bodily injury to any person including occupants carried in the insured vehicle ( provided such occupants are not carried for hire or reward) but except so far as it is necessary
to meet the requirements of Motor Vehicles Act, the Company shall not be liable where such death or injury arises out of and in the course of the employment of such person by the insured,
(ii) damage to property other than property belonging to the insured or held in trust or in the custody or control of the insured. Provided always that the Company shall not be liable in respect
of death injury or damage caused or arising beyond the limits of any carriageway or thoroughfare in connection with the bringing of the load to the vehicle for loading thereon or the taking
away of the load from the vehicle after unloading there from.
2. The Company will pay all costs and expenses incurred with its written consent.
3. In terms of and subject to the limitations of the indemnity granted by this section to the insured, the Company will indemnify any driver who is driving the vehicle on the insured's order or
with insured's permission provided that such driver shall as though he/she was the insured observe fulfill and be subject to the terms exceptions and conditions of this Policy in so far as they
apply.
4. In the event of the death of any person entitled to indemnity under this policy the Company will in respect of the liability incurred by such person indemnify his/her personal representative in
terms of and subject to the limitations of this Policy provided that such personal representative shall as though such representative was the insured observe fulfill and be subject to the terms
exceptions and conditions of this Policy in so far as they apply.
5. The Company may at its own option (a) arrange for representation at any Inquest or Fatal Inquiry in respect of any death which may be the subject of indemnity under this Policy and
(b)undertake the defence of proceedings in any Court of Law in respect of any act or alleged offence causing or relating to any event which may be the subject of indemnity under this Policy.

AVOIDANCE OF CERTAIN TERMS AND RIGHT OF RECOVERY

Nothing in this Policy or any endorsement hereon shall affect the right of any person indemnified by this policy or any other person to recover an amount under or by virtue of the Provisions of
the Motor Vehicles Act. But the Insured shall repay to the Company all sums paid by the Company which the Company would not have been liable to pay but for the said provision.

APPLICATION OF LIMITS OF INDEMNITY

In the event of any accident involving indemnity to more than one person any limitation by the terms of this Policy and/or of any Endorsement thereon of the amount of any indemnity shall
apply to the aggregate amount of indemnity to all persons indemnified and such indemnity shall apply in priority to the insured
SECTION III - PERSONAL ACCIDENT COVER FOR OWNER-DRIVER

Name Of the Nominee Age Name of the Appointee(If Nominee is Relationship

Minor)
KUSH CHAURASIA 21 NA Other

Subject otherwise to the terms exceptions conditions and limitations of this Policy, the Company undertakes to pay compensation as per the following scale for bodily injury/ death sustained
by the owner-driver of the vehicle indirect connection with the vehicle insured whilst mounting into/dismounting from or traveling in the insured vehicle as a co-driver, caused by violent
accidental external and visible means which independent of any other cause shall within six calendar months of such injury result in:

Nature of injury Scale of Nature of injury Scale of compensation

compensation
(i) Death 100% (iii) Loss of one limb or sight of one eye 50%
(ii) Loss of two limbs or sight of two eyes or one limb and sight of one 100% (iv) Permanent total disablement from injuries other than 100%
eye named above

Provided always that

A) the compensation shall be payable under only one of the items (i) to (iv) above in respect of the owner-driver arising out of any one occurrence and the total liability of the insurer shall not
in the aggregate exceed the sum of Rs. 1 lakh during any one period of insurance.
B) no compensation shall be payable in respect of death or bodily injury directly or indirectly wholly or in part arising or resulting from or traceable to (a) intentional self injury suicide or
attempted suicide physical defect or infirmity or (b) an accident happening whilst such person is under the influence of intoxicating liquor or drugs.
C) Such compensation shall be payable directly to the insured or to his/her legal representatives whose receipt shall be the full discharge in respect of the injury to the insured.

This cover is subject to

(a) the owner-driver is the registered owner of the vehicle insured herein.
(b) the owner-driver is the insured named in this policy.
(c) the owner-driver holds an effective driving licence, in accordance with the provisions of Rule 3 of the Central Motor Vehicles Rules, 1989, at the time of the accident

GENERAL EXCEPTIONS (Applicable to all sections of the Policy)

The Company shall not be liable in respect of :

1. any accidental loss damage and/or liability caused sustained or incurred outside the Geographical Area.
2. any claim arising out of any contractual liability.
3. any accidental loss damage and/or liability caused sustained or incurred whilst the vehicle insured herein is
(a) being used otherwise than in accordance with the 'Limitations as to Use'
or
(b) being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver's clause.
4. (i) Any accident loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss
(ii) any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any
nuclear waste from the combustion of nuclear fuel. For the purposes of this exception combustion shall include any self-sustaining process of nuclear fission.
5. Any accidental loss or damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material
6. Any accidental loss damage and/or liability directly or indirectly or proximately or remotely occasioned by or contributed to by or traceable to or arising out of or in connection with war,
invasion, the act of foreign enemies, hostilities or warlike operations (whether before or after declaration of war), civil war, mutiny rebellion, military or usurped power or by any direct or indirect
consequences of any of the said occurrences and in the event of any claim hereunder the Insured shall prove that the accidental loss damage and/or liability arose independently of and was
in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequences thereof and in default of such proof the Company shall not be
liable to make any payment in respect of such a claim.

DEDUCTIBLE
The Company shall not be liable for each and every claim under Section -1 (loss of or damage to the vehicle insured) of this Policy in respect of the deductible stated in the schedule.
CONDITIONS

This Policy and the Schedule shall be read together and any word or expression to which a specific meaning has been attached in any part of this Policy or of the Schedule shall bear the
same meaning wherever it may appear.
1. Notice shall be given in writing to the Company immediately upon the occurrence of any accidental loss or damage and in the event of any claim and thereafter the insured shall give all
such information and assistance as the Company shall require. Every letter claim writ summons and/or process or copy thereof shall be forwarded to the Company immediately on receipt by
the insured. Notice shall also be given in writing to the Company immediately the insured shall have knowledge of any impending prosecution inquest or fatal injury in respect of any
occurrence which may give rise to a claim under this policy. In case of theft or other criminal act which may be the subject of a claim under this Policy the insured shall give immediate notice to
the police and co-operate with the Company in securing the conviction of the offender.
2. No admission offer promise payment or indemnity shall be made or given by or on behalf of the Insured without the written consent of the Company which shall be entitled if it so desires
to take over and conduct in the name of the Insured the defence or settlement of any claim or to prosecute in the name of the Insured for its own benefit any claim for indemnity or damages or
otherwise and shall have full discretion in the conduct of any proceedings or in the settlement of any claim and the Insured shall give all such information and assistance as the Company may
require.
3. The Company may at its own option repair reinstate or replace the vehicle or part thereof and/or its accessories or may pay in cash the amount of the loss or damage and the liability of the
Company shall not exceed:
(a) for total loss / constructive total loss of the vehicle - the Insured's Declared Value (IDV) of the vehicle (including accessories thereon) as specified in the Schedule less the value of the
wreck
(b) for partial losses, i.e. losses other than Total Loss/Constructive Total Loss of the vehicle - actual and reasonable costs of repair and/or replacement of parts lost/damaged subject to
depreciation as per limits specified.
4. The Insured shall take all reasonable steps to safeguard the vehicle from loss or damage and to maintain it in efficient condition and the Company shall have at all times free and full
access to examine the vehicle or any part thereof or any driver or employee of the insured. In the event of any accident or breakdown, the vehicle shall not be left unattended without proper
precautions being taken to prevent further damage or loss and if the vehicle be driven before the necessary repairs are effected any extension of the damage or any further damage to the
vehicle shall be entirely at the insured's own risk.
5. The Company may at any time cancel the policy on grounds of misrepresentation, fraud. non-disclosure of material fact or non- cooperation by the insured by sending seven days notice
by recorded delivery to the insured at insured's last known address and in such event will return to the insured the premium paid less the pro rata portion thereof for the period the Policy has
been in force or the policy may be cancelled at any time by the insured on seven days' notice by recorded delivery and provided no claim has arisen during the currency of the policy, the
insured shall be entitled to a return of premium less premium at the Company's Short Period rates for the period the Policy has been in force. Return of the premium by the company will be
subject to retention of the minimum premium of Rs.100/ - (or Rs.25 /- i n respect of vehicles specifically designed/modified for use by blind/handicapped/mentally challenged persons).
Where the ownership of the vehicle is transferred, the policy cannot be cancelled unless evidence that the vehicle is insured elsewhere at least for Liability Only cover is produced and original
Certificate of Insurance is produced for cancellation.
6. If at the time of occurrence of an event that gives rise to any claim under this policy there is in existence any other insurance covering the same liability, the Company shall not be liable to
pay or contribute more than its ratable proportion of any compensation, cost or expense.
7. If any dispute or difference shall arise as to the quantum to be paid under this policy (liability being otherwise admitted), such difference shall independent of all other questions be
referred to the decision of a sole arbitrator to be appointed in writing by the parties to the dispute or if they cannot agree upon a single arbitrator within 30 days of any party invoking
Arbitration, the same shall be referred to a panel of three arbitrators comprising two arbitrators one to be appointed by each of the parties to the dispute / difference, and a third arbitrator to
be appointed by such two arbitrators who shall act as the presiding arbitrator and Arbitration shall be conducted under and in accordance with the provisions of the Arbitration and Conciliation
Act, 1996. It is clearly agreed and understood that no difference or dispute shall be referable to Arbitration as hereinbefore provided, if the Company has disputed or not accepted liability
under or in respect of this policy. It is hereby expressly stipulated and declared that it shall be condition precedent to any right of action or suit upon this policy that the award by such
arbitrator/ arbitrators of the amount of the loss or damage shall be first obtained. It is also hereby further expressly agreed and declared that if the Company shall disclaim liability to the
insured for any claim hereunder and such claim shall not, within twelve calendar months from the date of such disclaimer have been made the subject matter of a suit in a court of law, then
the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder.
8. The due observance and fulfillment of the terms, conditions and endorsements of this Policy in so far as they relate to anything to be done or complied with by the insured and the truth of
the statements and answers in the said proposal shall be conditions precedent to any liability of the Company to make any payment under this Policy.
9. In the event of the death of the sole insured, this policy will not immediately lapse but will remain valid for a period of three months from the date of the death of insured or until the expiry
of this policy (whichever is earlier). During the said period, legal heir(s) of the insured to whom the custody and use of the Motor Vehicle passes may apply to have this Policy transferred to
the name(s) of the heir(s) or obtain a new insurance policy for the Motor Vehicle.
Where such legal heir(s) desire(s) to apply for transfer of this policy or obtain a new policy for the vehicle such heir(s) should make an application to the Company accordingly within the
aforesaid period. All such applications should be accompanied by:-
a) Death Certificate in respect of the insured
b) Proof of title to the vehicle
c) Original Policy
No Claim Bonus
The insured is entitled for a No Claim Bonus (NCB) on the Own Damage section of the policy, if no claim is made or pending during the preceding year(s), as per the following table:

Period of insurance % of NCB on OD premium

The preceding year 20%
Preceding Two consecutive years 25%
Preceding Three consecutive years 35%
Preceding Four consecutive years 45%
Preceding Five consecutive years 50%

No Claim Bonus will only be allowed provided the policy is renewed within 90 days of the expiry date of the previous policy.

NB 1:- In Liability with Fire and / or Theft Only policies NCB as above will be applicable only on the Fire and / or Theft component of the premium.
2:- In Fire and / or Theft Only policies the insured is not entitled for NCB.

IMT ENDORSEMENTS : 16,22

IMT.16. Personal accident to unnamed passangers other than Insured and the paid driver and cleaner { For vehicles rated as Private cars and Motorised two wheelers (not for hire
or reward) with or without side car}

In consideration of the payment of an additional premium it is hereby understood and agreed that the insurer undertakes to pay compensation on the scale provided below for bodily injuries
hereinafter defined sustained by any passenger other than the insured and/or the paid driver attendant or cleaner and/or a person in the employ of the insured coming within the scope of the
Workmens Compensation Act, 1923 and subsequent amendments of the said Act and engaged in and upon the service of the insured at the time such injury is sustained whilst mounting
into, dismounting from or traveling in but not driving the insured motor car and caused by violent, accidental, external and visible means which independently of any other cause shall within
three calendar months of the occurrence of such injury result in :

Details of Injury Scale of Compensation

i)Death 100%
ii) Loss of two limbs or sight of two eyes or one limb and sight of one eye 100%
iii) Loss of one limb or sight of one eye 50%
iv) Permanent Total Disablement from injuries other than named above 100%

Provided always that

(1) compensation shall be payable under only one of the items (i) to (iv) above in respect of any such person arising out of any one occurrence and total liability of the insurer shall not in the
aggregate exceed the sum of Rs. during any one period of insurance in respect of any such person.
(2) no compensation shall be payable in respect of death or injury directly or indirectly wholly or in part arising or resulting from or traceable to
(a) intentional self injury suicide or attempted suicide physical defect or infirmity or (b) an accident happening whilst such person is under the influence of intoxicating liquor or drugs.
(3) such compensation shall be payable only with the approval of the insured named in the policy and directly to the injured person or his/her legal representative(s) whose receipt shall be a
full discharge in respect of the injury of such person.
(4) not more than 2persons/passengers are in the vehicle insured at the time of occurrence of such injury. Subject otherwise to the terms exceptions conditions and limitations of this policy.

IMT.22. Compulsory Deductible (Applicable to Private Cars, three wheelers rated as private cars, all motorized two wheelers, taxis, private car type vehicle plying for
public/private hire, private type taxi let out on private hire)

Notwithstanding anything to the contrary contained in the policy it is hereby understood and agreed that the insured shall bear under Section 1 of the policy in respect of each and every event
(including event giving rise to a total loss/constructive total loss) the first 100 (or any less expenditure which may be incurred) of any expenditure for which provision has been made under this
policy and/or of any expenditure by the insurer in the exercise of his discretion under Condition 3 of this policy.
If the expenditure incurred by the insurer shall include any amount for which the insured is responsible hereunder such amount shall be repaid by the insured to the insurer forthwith.
For the purpose of this Endorsement the expression "event" shall mean an event or series of events arising out of one cause in connection with the vehicle insured in respect of which
indemnity is provided under this policy.
Subject otherwise to the terms conditions limitations and exceptions of this Policy.